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Mathematics, 18.03.2020 00:17 GiselNeedsHelp101

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Suppose that Esther’s savings account earns an annual interest rate of 3.6% compounded monthly at the end of the month. Determine what just the first deposit of $50 will be worth at the end of a year, or 12 months. Use the interest rate and the formula for the future value of an investment.

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